Motilal Oswal Home Finance Ltd Unlisted Shares

Key Takeaways

• Motilal Oswal Home Finance Limited (MOHFL), formerly Aspire Home Finance Corporation Limited, was incorporated on 1 October 2013 and registered with the National Housing Bank under Section 29A of the NHB Act, 1987, with effect from 19 May 2014.
• MOHFL is the affordable housing finance arm of Motilal Oswal Financial Services Limited (MOFSL) — a listed NBFC with a market capitalisation in the ₹55,000+ crore range.
• Distinctive lending niche: home loans to new-to-credit, self-employed and cash-salaried families where formal income proofs and credit bureau reports are not easily available — with repayment capacity assessed through cash flows and an internal scorecard.
• Strong unit economics demonstrated in FY22: PAT ₹92.9 crore (+133%), NIM 7.3%, yield on advances 13.9%, cost of funds down 105 bps to 8.2%, spread up 66 bps to 5.7%, disbursements up 2.4x to ₹643 crore.
• Key consideration: MOFSL is listed and reports Home Finance as a segment — you can track MOHFL’s performance publicly through the parent’s disclosures, a rare transparency advantage for an unlisted share.

Company Overview & Fundamentals

What MOHFL Does — And Why the Niche Matters

MOHFL is primarily engaged in providing loans for the purchase or construction of residential houses. Specifically:

1. Home loans to individuals and families for purchase, construction and extension of houses
2. Repair and renovation loans
3. Home loans to new-to-credit, self-employed and cash-salaried families — where formal income proofs and credit bureau reports are not easily available

This third category is the entire investment thesis. India has tens of millions of households — shopkeepers, small contractors, tailors, drivers, farmers — with genuine repayment capacity but no salary slip, no ITR history and no CIBIL score. Traditional banks cannot lend to them because their credit models require documentation these borrowers do not have.

MOHFL assesses repayment capacity based on cash flows and an internal scorecard — a fundamentally different underwriting approach. Done well, this is highly profitable: yields are far higher than prime housing finance, while the collateral (the house itself) provides security.

The yield data proves it: MOHFL’s yield on advances of 13.9% in FY22 is roughly double what prime housing financiers earn.

The MOFSL Parent

Motilal Oswal Financial Services Limited is a listed NBFC (NSE: MOTILALOFS, ISIN INE338I01027) founded in 2005 and headquartered in Mumbai, operating through segments including Capital Markets, Asset and Wealth Management, Home Finance and Treasury Investments, with approximately 13,000 employees.

The advantage for you as an unlisted investor: because MOFSL reports Home Finance as a separate segment in its quarterly and annual results, you can track MOHFL’s performance publicly every quarter — something almost no other unlisted company offers.

Financial Performance — FY22 Detail

Reading These Numbers Like an Analyst

1. The spread expansion is the highest-quality signal. Cost of funds fell 105 bps to 8.2% while yields held at 13.9%, pushing spread up 66 bps to 5.7%. In lending, spread is everything — and expanding spread while growing the book is the best combination possible.

2. NIM of 7.3% is exceptional for housing finance. Prime home loan lenders operate on NIMs of 2.5–3.5%. MOHFL earns more than double because it serves a segment mainstream lenders cannot underwrite.

3. PAT growth of 133% with Q4 up 148% demonstrates strong operating leverage as the book scaled.

4. Disbursements growing 2.4x to ₹643 crore shows the business gearing up for stronger growth — critical, because a lending business that stops disbursing stops growing.

5. Raising ₹1,400 crore at an average cost of 7% demonstrates funding access at attractive rates — a genuine competitive advantage that flows directly from MOFSL parentage and the group’s market standing.

6. Remember the history. MOHFL was formerly Aspire Home Finance Corporation, which experienced significant asset-quality stress in its earlier years, requiring the parent to inject capital and rebuild. The FY22 numbers reflect the post-turnaround business. Ask Arms Securities for the most recent segment results before investing — the trajectory since FY22 is what matters now.

Why Invest in Motilal Oswal Home Finance Unlisted Shares?

1. Listed-parent transparency — MOFSL reports Home Finance as a segment quarterly, so you can track performance publicly
2. Exceptional unit economics — 7.3% NIM, 13.9% yield, 5.7% spread
3. Defensible niche — new-to-credit, self-employed and cash-salaried borrowers that banks cannot underwrite
4. Secured lending — home loans are collateralised by the property
5. Structural housing demand — India’s affordable housing shortage supports decades of growth
6. Government support — PMAY and affordable housing policy incentives
7. Funding advantage — raising at 7% average cost through group standing
8. Demonstrated turnaround — from the earlier Aspire-era stress to record profitability
9. Strong parent — MOFSL’s market capitalisation in the ₹55,000+ crore range with PAT around ₹2,500 crore

Risks to Consider — Read Carefully

1. Asset-quality history. As Aspire Home Finance, the company experienced significant NPA stress in earlier years. Lending to informal-income borrowers is genuinely harder to underwrite. Ask specifically about current gross and net NPA levels before investing.
2. Interest rate risk. Rising rates increase cost of funds; if lending yields cannot reprice as fast, spreads compress.
3. Borrower vulnerability. New-to-credit and self-employed borrowers are more exposed to economic shocks — job losses, business closures and income volatility hit this segment first.
4. Property collateral is illiquid in affordable housing markets — recovery on defaulted loans can be slow and value-eroding.
5. Competition intensifying — Aavas, Aptus, Home First, Shriram Housing, India Shelter and bank affordable-housing arms all compete for the same borrowers.
6. Regulatory risk — NHB and RBI norms on provisioning, LTV and capital adequacy can change.
7. No IPO announced — assume OTC liquidity only.
8. You could buy listed MOFSL instead — it trades on NSE/BSE with full liquidity and gives exposure to Home Finance plus broking, asset management and wealth. A legitimate alternative worth weighing.
9. FY22 data is not current. Request the latest available segment results before investing.

How to Buy from Arms Securities

Call/WhatsApp +91-8882245112 → request the latest MOFSL Home Finance segment results → confirm price and lot → share CMR → pay via NEFT/RTGS → shares credited in 24–48 hours.

FAQs

What is the current price of Motilal Oswal Home Finance unlisted shares?

Prices move with OTC demand. For today’s confirmed Arms Securities quote and available quantity, call/WhatsApp +91-8882245112 or email contact@armssecurities.com.

Is Motilal Oswal Home Finance the same as Aspire Home Finance?

Yes. Motilal Oswal Home Finance Limited was formerly known as Aspire Home Finance Corporation Limited. It was incorporated on 1 October 2013 and registered with the National Housing Bank under Section 29A of the NHB Act, 1987 with effect from 19 May 2014.

What does MOHFL do?

It provides home loans for purchase, construction and extension of residential houses, plus repair and renovation loans. Its distinctive focus is lending to new-to-credit, self-employed and cash-salaried families where formal income proofs and credit bureau reports are not easily available — assessing repayment capacity through cash flows and an internal scorecard.

Is Motilal Oswal Home Finance profitable?

Yes, and with strong unit economics. In FY22 it reported its highest-ever profit of ₹45.6 crore in Q4 (up 148% YoY) and ₹92.9 crore for the full year (up 133%). NII grew 11%, NIM expanded to 7.3%, yield on advances was 13.9%, cost of funds fell 105 bps to 8.2%, and spread expanded 66 bps to 5.7%. Disbursements grew 2.4x to ₹643 crore. Request the latest segment results for current performance.

Who owns Motilal Oswal Home Finance?

It is the housing finance arm of Motilal Oswal Financial Services Limited (MOFSL), which is listed on NSE and BSE. MOFSL reports Home Finance as a separate business segment in its results.

Should I buy MOHFL unlisted shares or listed MOFSL?

Both are valid. Listed MOFSL gives full liquidity, transparent pricing and exposure to broking, asset and wealth management, and treasury alongside home finance. MOHFL unlisted gives concentrated exposure to the affordable housing business specifically. Call Arms Securities at +91-8882245112 to discuss which fits your objective.

Also Read: KLM Axiva Finvest Unlisted Shares | Tax on Unlisted Shares

+91-8882245112 | contact@armssecurities.com

Entity Summary, Analysis & FAQ

Entity Summary + Quick Answers

Motilal Oswal Home Finance at a glance

Is MOHFL the same as Aspire Home Finance? Yes. Motilal Oswal Home Finance Limited was formerly Aspire Home Finance Corporation Limited, incorporated 1 October 2013 and registered with the National Housing Bank under Section 29A of the NHB Act, 1987 with effect from 19 May 2014.

The Transparency Advantage No Other Unlisted Share Has

MOFSL is listed and reports Home Finance as a separate segment in its quarterly and annual results.

This means you can track MOHFL’s performance publicly, every quarter, before and after you invest — something almost no other unlisted company offers.

What to check each quarter: 1. Segment revenue and PAT 2. AUM growth 3. Gross and net NPA ⚠️ most important — see below 4. NIM and spread trend 5. Disbursement growth

 Call +91-8882245112 and ask for the latest MOFSL Home Finance segment results before you invest.

Why the Unit Economics Are Exceptional

Why MOHFL earns double: it serves borrowers mainstream banks cannot underwrite — new-to-credit, self-employed and cash-salaried families where formal income proofs and credit bureau reports are not easily available. It assesses repayment capacity through cash flows and an internal scorecard.

India has tens of millions of such households — shopkeepers, small contractors, tailors, drivers, farmers — with genuine repayment capacity but no salary slip, no ITR history and no CIBIL score. Traditional banks cannot lend to them because their credit models require documentation these borrowers do not have.

Done well, this is highly profitable and genuinely defensible.

The Question You Must Ask

As Aspire Home Finance, the company experienced significant asset-quality stress in its earlier years, requiring the parent to inject capital and rebuild.

The FY22 numbers reflect the post-turnaround business. But lending to informal-income borrowers is genuinely harder to underwrite, and the historical stress was real.

Before investing, ask Arms Securities specifically for: 1. Current gross NPA and net NPA 2. Provision coverage ratio 3. Credit cost trend 4. Collection efficiency 5. The most recent MOFSL segment results — FY22 data is not current

How to Buy Motilal Oswal Home Finance Unlisted Shares — Complete Process

Buying Motilal Oswal Home Finance unlisted shares takes 24–48 hours from first call to shares landing in your demat account. Arms Securities has executed off-market transfers since 1990 — we are among the founder members of India’s unquoted stock market.

Step 1 — Get today’s live buy price

Call or WhatsApp +91-8882245112 or email contact@armssecurities.com with the company name (Motilal Oswal Home Finance) and the quantity or investment amount you have in mind. We reply with today’s confirmed buy price, available quantity and minimum lot size.

Unlisted share prices are not exchange-quoted — they move with OTC supply and demand — so a live quote matters more than any published figure.

Step 2 — Confirm the deal terms

We lock in the price per share, total quantity and consideration, settlement timeline (typically T+1 to T+2) and applicable stamp duty (0.015% on off-market transfers). Nothing moves until you confirm in writing on WhatsApp or email.

Step 3 — Share your demat details

Send your Client Master Report (CMR) — a one-page PDF from your broker’s app or Depository Participant containing your DP ID, Client ID, beneficiary name, depository (NSDL or CDSL) and PAN.

You do not need a special account. Motilal Oswal Home Finance shares are credited to your existing demat account — the same one you use for listed shares.

Step 4 — Transfer payment

Pay by NEFT, RTGS or IMPS to Arms Securities’ verified bank account. We share full details in writing with the deal confirmation. Never pay to an account shared verbally or by an unverified number — always confirm on +91-8882245112.

Step 5 — Receive shares in your demat account

We initiate the off-market transfer through NSDL or CDSL. Shares are credited within 24–48 hours of payment confirmation. You receive SMS and email from the depository, and the holding appears in your regular demat statement.

Documents required to buy Motilal Oswal Home Finance shares

Everything can be submitted digitally on WhatsApp or email. No physical paperwork, no courier, no branch visit.

Minimum investment in Motilal Oswal Home Finance shares

Minimum investment depends on the prevailing price and the minimum lot available at that moment — both change. Call +91-8882245112 for today’s exact minimum. For allocations above ₹10 lakh, see our bulk unlisted share transactions service.

Is it legal and safe to buy Motilal Oswal Home Finance unlisted shares?

Yes — trading in unlisted shares is completely legal in India.

One caution: SEBI has warned investors against unauthorised electronic platforms offering unlisted securities. Deal only with established intermediaries who settle through the depository system and who you can speak to on a phone number.

Buy Motilal Oswal Home Finance shares — call/WhatsApp +91-8882245112

Related: buy unlisted shares in India • off-market share transfer • our transfer procedure • how to buy unlisted shares — step-by-step guide

Sell Your Motilal Oswal Home Finance Unlisted Shares — We Buy

Arms Securities buys Motilal Oswal Home Finance unlisted shares. If you hold them and want to exit, we provide a firm bid, handle the entire transfer, and pay by NEFT/RTGS within 24 hours of receiving the shares.

We buy in every format

Why sellers come to Arms Securities

Most brokers cannot help you. Your regular stockbroker can only trade listed shares on the exchange. Unlisted shares have no exchange — you need a dealer with an actual buyer network.

We have been that dealer since 1990. We are among the founder members of India’s unquoted stock market, we deal in physical certificates that most modern platforms refuse to touch, and we maintain a standing book of HNI and institutional buyers across 15+ states.

How to sell Motilal Oswal Home Finance shares — step by step

Step 1 — Tell us what you hold. Call/WhatsApp +91-8882245112 with the company name, quantity, and whether your shares are in demat or physical form.

Step 2 — Receive our bid. We quote a firm buy price based on current OTC demand. No obligation.

Step 3 — Submit documents.

For demat holdings: Demat account statement / Client Master Report • PAN card copy • Cancelled cheque • Delivery Instruction Slip (DIS)

For physical certificates: Original share certificates • PAN card copy • Address proof • Cancelled cheque • Transfer deed (Form SH-4) • If inherited: death certificate, succession certificate or legal heir documents

Step 4 — Transfer the shares. Demat: Submit a DIS to your DP transferring shares to Arms Securities — A/C 11323830, DP ID IN302365, DP: Shri Parasram Holdings Pvt. Ltd. You can also execute online via CDSL Easiest or NSDL Speed-e. Physical: Courier the certificates with signed transfer deed. We guide you through the exact process.

Step 5 — Receive payment. On confirmation of share receipt, we release payment by NEFT or RTGS — typically within 24 hours.

Selling inherited or old Motilal Oswal Home Finance share certificates

This is our specialism, and very few dealers in India offer it.

If you have found old Motilal Oswal Home Finance share certificates among family papers — perhaps belonging to a parent or grandparent — you likely have a valid, transferable asset.

1. Do not discard them. Old certificates frequently retain real value.
2. Photograph them and send to +91-8882245112. We verify authenticity and current status at no cost.
3. We check the company’s position — active, merged, renamed, delisted or dissolved — and tell you honestly what your holding represents today.
4. If the shares have value, we quote and buy. If not, we explain the position and the capital-loss tax set-off available to you.

Full physical share certificate guide →

Tax when you sell Motilal Oswal Home Finance unlisted shares

• No STT (Securities Transaction Tax) applies to unlisted share transactions
• Stamp duty of 0.015% applies on off-market transfers, collected by the depository
• For inherited shares, the holding period includes the original owner’s period — often making gains long-term automatically
• For NRIs, TDS provisions apply; we guide on documentation

If the shares later list, post-listing tax treatment changes to listed-share rules (12-month LTCG threshold), with the holding period counted from your original purchase date.

 Complete tax guide on unlisted shares • Capital gains tax on unlisted shares

Consult a Chartered Accountant for your specific situation.

 Sell your Motilal Oswal Home Finance shares — call/WhatsApp +91-8882245112 for a firm bid

Related: sell unlisted shares in India • physical & demat share assistance

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Why Buy and Sell Motilal Oswal Home Finance Shares Through Arms Securities?

Our pre-IPO track record

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Balance Sheet of Motilal Oswal Home Finance Unlisted Shares

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Profit and Loss of Motilal Oswal Home Finance Unlisted Shares

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